Aliassmith Beats a "Dead Horse"

[Yirbu]

Today I was struggling a bit...profit up, down, up, down.
When I was on the phone this one came by and wiped out my previous losses.
Don't trade too much on my phone because it's a bit harder.

It's fascinating that if you trade for a couple of hours the last 80 seconds make all the difference

221109 - US30M1B.png (172.93 KiB) Viewed 1550 times

[Yirbu]

ohhh...I have my own thread now...
Sorry...old habits....

[aliassmith]

ohhh...I have my own thread now...
Sorry...old habits....

Thats ok I dont mind. Nice trade.

[aliassmith]

EURUSDM1 (2 hours of trading with many possibilities)
S@D markup with Structure Change
Seems like when S@D is within S@D then the trade is better.

[aliassmith]

US30M1 (2 hours hundreds of points available)
S@D markup
2 situations where there was a Supply breach on the top and reversal down.
It's a holiday so maybe stretching for liquidity?

[Goonslinger]

EURUSDM1 (2 hours of trading with many possibilities)
S@D markup with Structure Change
Seems like when S@D is within S@D then the trade is better.

Is the change in structure defined when price fails to close below the previous high (which you started the line from)?

[aliassmith]

EURUSDM1 (2 hours of trading with many possibilities)
S@D markup with Structure Change
Seems like when S@D is within S@D then the trade is better.

Is the change in structure defined when price fails to close below the previous high (which you started the line from)?

I'm not sure, I don't belong to one of the recent cults.I have the way I see things.

I define it when I have a higher high. (Breakout close above). You then get a test back into the previous area without creating a lower low. The new structure is showing a higher high and higher low which is bullish character to me.

Also realize that it is in relationship to the current timeframe. Different timeframe can/will have different bias.

[aliassmith]

I think EURUSD has some potential.
1 trade for 25R but there are several smaller trades that could add up to more.

[kiwiarian]

Hi Alias, What are your thoughts about wobbling and averaging into a losing position which I think you have mentioned in the past? I'm still playing around with this trying to see if I can get it working but it looks more dangerous than flat MM trades on here. Just curious if it worked for you or is it one of the less recommended MM styles compared to here.
CHeers.

[aliassmith]

Hi Alias, What are your thoughts about wobbling and averaging into a losing position which I think you have mentioned in the past? I'm still playing around with this trying to see if I can get it working but it looks more dangerous than flat MM trades on here. Just curious if it worked for you or is it one of the less recommended MM styles compared to here.
CHeers.

It only works if you can manage your downside well. Otherwise you can be upside down a lot. I can make a killing with it right up until the market trends hard the wrong direction.